Credit 20. The December 31, 2017 closing entries for Smith Corp. are as follows: Debit Services Revenue 12,500 Interest Revenue 1,250 Wages Expense Supplies Expense Retained Earnings Retained Earnings Dividends 9,250 1,575 2925 1,000 1,000 Smith Corp. had net income in 2017 of A $13,750 B. $ 1,925 C. $12,750 D. $2,925